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REGISTERED NUMBER: 07419927 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ALLCOOL (N.W.) LIMITED

ALLCOOL (N.W.) LIMITED (REGISTERED NUMBER: 07419927)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALLCOOL (N.W.) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr P J Talarczyk
Mrs J D Talarczyk





REGISTERED OFFICE: 17 St. Peters Place
Fleetwood
Lancashire
FY7 6EB





REGISTERED NUMBER: 07419927 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
Chartered Accountants
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

ALLCOOL (N.W.) LIMITED (REGISTERED NUMBER: 07419927)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 96,250 110,000
Tangible assets 5 189,665 211,977
285,915 321,977

CURRENT ASSETS
Stocks 72,124 53,881
Debtors 6 549,829 563,359
Cash at bank and in hand 793,147 624,661
1,415,100 1,241,901
CREDITORS
Amounts falling due within one year 7 (841,540 ) (754,384 )
NET CURRENT ASSETS 573,560 487,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

859,475

809,494

CREDITORS
Amounts falling due after more than one
year

8

(51,417

)

(64,222

)

PROVISIONS FOR LIABILITIES (37,737 ) (43,300 )
NET ASSETS 770,321 701,972

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 275,000 275,000
Retained earnings 495,221 426,872
SHAREHOLDERS' FUNDS 770,321 701,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ALLCOOL (N.W.) LIMITED (REGISTERED NUMBER: 07419927)

BALANCE SHEET - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:




Mr P J Talarczyk - Director



Mrs J D Talarczyk - Director


ALLCOOL (N.W.) LIMITED (REGISTERED NUMBER: 07419927)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Allcool (N.W.) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - not provided
Plant and machinery - 10% on cost
Fixtures and fittings - Over the remaining period of the lease
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ALLCOOL (N.W.) LIMITED (REGISTERED NUMBER: 07419927)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2022 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 275,000
AMORTISATION
At 1 January 2023 165,000
Amortisation for year 13,750
At 31 December 2023 178,750
NET BOOK VALUE
At 31 December 2023 96,250
At 31 December 2022 110,000

ALLCOOL (N.W.) LIMITED (REGISTERED NUMBER: 07419927)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 37,795 12,017 92,794
Additions - - -
At 31 December 2023 37,795 12,017 92,794
DEPRECIATION
At 1 January 2023 - 11,053 75,770
Charge for year - 596 4,256
At 31 December 2023 - 11,649 80,026
NET BOOK VALUE
At 31 December 2023 37,795 368 12,768
At 31 December 2022 37,795 964 17,024

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 341,090 38,507 522,203
Additions 24,695 3,190 27,885
At 31 December 2023 365,785 41,697 550,088
DEPRECIATION
At 1 January 2023 194,456 28,947 310,226
Charge for year 38,739 6,606 50,197
At 31 December 2023 233,195 35,553 360,423
NET BOOK VALUE
At 31 December 2023 132,590 6,144 189,665
At 31 December 2022 146,634 9,560 211,977

ALLCOOL (N.W.) LIMITED (REGISTERED NUMBER: 07419927)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 172,880
Additions 24,695
Transfer to ownership (49,540 )
At 31 December 2023 148,035
DEPRECIATION
At 1 January 2023 59,388
Charge for year 29,350
Transfer to ownership (33,370 )
At 31 December 2023 55,368
NET BOOK VALUE
At 31 December 2023 92,667
At 31 December 2022 113,492

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 517,532 526,300
Other debtors 287 287
Prepayments 32,010 36,772
549,829 563,359

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 35,822 32,843
Trade creditors 393,804 242,674
Tax 114,621 57,400
Social security and other taxes 28,942 25,543
VAT 76,744 68,794
Other creditors 1,421 1,481
Directors' current accounts 11 137,678
Accruals and deferred income 190,175 187,971
841,540 754,384

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 51,417 64,222

ALLCOOL (N.W.) LIMITED (REGISTERED NUMBER: 07419927)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 35,822 32,843
Between one and five years 51,417 64,222
87,239 97,065

Non-cancellable operating leases
2023 2022
£    £   
Within one year 7,560 3,842
Between one and five years 7,589 555
15,149 4,397

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 87,239 97,065

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr P J Talarczyk and Mrs J D Talarczyk
Balance outstanding at start of year - -
Amounts advanced 32,132 39,583
Amounts repaid (32,132 ) (39,583 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £154,000 (2022 - £154,000) were paid to the directors .